WisdomTree Siegel Strategic Value Index™ Wins FIA Index of the Year Award
September 28 2023 - 7:00AM
Business Wire
Award recognizes innovative quantitative
investment strategy and strength of ongoing partnership with
Annexus, CIBC and WisdomTree
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced that the WisdomTree Siegel Strategic Value Index™ (BBG
Ticker: CIBQWS6E) (the “Siegel Index”) won the FIA Index of the
Year Award by Structured Retail Products (SRP). The Siegel Index
was developed by Professor Jeremy Siegel, Senior Economist to
WisdomTree and Emeritus Professor of Finance at The Wharton School
of the University of Pennsylvania, with CIBC Capital Markets,
including consultation by WisdomTree, Inc. The Siegel Index was
designed specifically to complement the other indices within the
Athene® BCA® and Athene® Velocity Fixed Indexed Annuities (FIAs)
and was added to the Athene BCA 2.0 and Athene Velocity FIAs in
March 2019.
Developed and launched in December 2018, the Siegel Index seeks
to provide excess returns through a unique set of proprietary
volatility controls. Rather than using traditional valuation
metrics, the Siegel Index focuses on the use of operating earnings
and total enterprise value as measures of valuation. This metric is
used to select the four U.S. Large Cap sector ETFs on a quarterly
basis that exhibit the strongest score to this metric. The Siegel
Index also utilizes a risk management strategy which enables a
shift to a more conservative allocation when equity markets become
volatile in an effort to reduce the impact of market declines.
“Traditional value indexes often lead to overweighting specific
sector allocations, and this index has a unique methodology for
identifying good value opportunities, which has led to strong
returns,” said Professor Siegel. “I’m proud to have been recognized
for these efforts and thankful to our partners for their ongoing
collaboration and support.”
“Development of this innovative quantitative investment strategy
required leveraging decades of experience and insight, leading
index construction and objective asset allocation processes with
industry partners with Professor Siegel at the helm,” said Jeremy
Schwartz, Global Chief Investment Officer at WisdomTree. “We
continue to provide advisors and their investors with enhanced
metrics and insights needed to help position their portfolios
strategically, and we’re excited to be acknowledged for this
work.”
As of August 31, 2023, the Siegel Index had a historical 3-year
raw index return of +7.2% p.a.1, which puts it at the top of all
live FIA smart beta returns over that period. Clients who purchased
the Athene BCA 2.0 12-year FIA at that time—during one of the
lowest interest regimes in U.S. history—would have seen their
policies grow by over 8.5% p.a.2 with an allocation to the Siegel
Index.
In 2022, the Siegel Index had the best-performing product return
in the FIA industry and remains well-positioned to capture the
value premia in the U.S. equity market.
The SRP Americas 2023 Awards ceremony was held in Chicago on
September 27, 2023.
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain-enabled technology. We
empower investors and consumers to shape their future and support
financial professionals to better serve their clients and grow
their businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime™
WisdomTree currently has approximately $94.5 billion3 in assets
under management globally.
The Athene BCA 2.0 ANN19 (01/19), ANN19CS06 (01/19), ANN19CS08
(01/19), ANN19CS10 (01/19), ANN19CS12 (01/19) or state variation,
the Family Endowment Rider PBEDB (01/19), PBEDBRS (01/19) or state
variation, and the Balanced Allocation Lifetime Income Rider ANNIRS
(01/19), ANNIRSRS (01/19), ANNIRF (01/19), ANNIRFRS (01/19) or
state variation. The Athene Velocity ANN19 (01/19), ASP19CS (01/19)
or state variation, the Family Endowment Rider PBEDB (01/19),
PBEDBRS (01/19) or state variation, and the Athene Velocity Income
Rider ASPIR (01/19), ASPIRRS (01/19) or state variation. Products
are issued by Athene Annuity and Life Company, West Des Moines, IA.
Product features, limitations and availability vary; see
Certificate of Disclosures for full details. Products not available
in all states.
Indexed annuities are not stock market investments and do not
directly participate in any stock or equity investments. Market
indices may not include dividends paid on the underlying stocks,
and therefore may not reflect the total return of the underlying
stocks; neither an index nor any market-indexed annuity is
comparable to a direct investment in the equity markets.
1Source: Annexus 8/31/2023 2Source: Annexus 8/31/2023 3AUM as of
9/27/23
Category: Business Update
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Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.646.522.2602 Jeremy.Campbell@wisdomtree.com
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